Zopa.com, Prosper.com and now PalTrust.com: Top banking disrupters bring chills to an otherwise controlled banking establishment.

PalTrust, may be the sole disrupter, which will tear apart this monopoly 'all together', by providing the first banking 2.0 platform for family, friends, and entrepreneurs. This will not be a somewhat small disruption, but a vast one, the Federal Reserve estimates this disruption at around $89 Billion at any time. Every year, family & friends, flood multibillions to the entrepreneurial astute member of their social community.

Charlotte, NC (PRWEB) Nov 21, 2006 -- PalTrust, a Charlotte based company deems to revolutionize a form of lending that has been around for centuries: friend and family lending. PalTrust utilizes a platform, which automates the entire lending process, so you can make the loan and keep the friendship.

F2F (friend/to/family) lending began long before the corner bank. Available records give us a date of 300 AD in China. However, years before these documented loans, people have been lending money to each other. It was even discussed in biblical times.

"P2P lending is the oldest form of credit."

- Deutsche Bank Research

PalTrust is the world's first F2F Platform for this form of lending, something never undertaken. It incorporates the great amount of monies that flow through friends and family. Federal Reserve estimates this form of lending to be about $89 billion at any given time. The fact is, before Banks took monies from our savings account to lend for profits, private communities flourished financially, thereby building their own community lending networks.

The PalTrust core belief is that lending to family and friends the can not only be a most enjoyable feeling, but can bridge technology with this ancient form of lending to create a platform which will enrich the lives of individuals.

Traditional Banks (ex; Bank of America®) and PalTrust alliance:

The real benefits

- Insure lent funds return back to in-house banking consumer deposit accounts. Significantly reduced deposit loss.

- Increased deposits from out-house banking customers. Unlike money transfer services like PayPal®, loan repayments return back, giving an opportunity to earn interest on repayment deposits totaling over $89 Billion at anytime.

- Providing a real tool for banking clients which fulfill a longstanding issue, lending to friends and family.

- New credit rating engine for young customers with little or no credit history.

- Empowering banking customers, by empowering their immediate communities.

- Last, but not least, professional oversight of both traditional lending (bank lending) and family/friend lending markets, which can prove to be an ultra exclusive asset. The two greatest financial resource of every consumer's life.

PalTrust founders John Royce and Charles Polanco believe the internet's ability to empower individuals through a vast network of information and resources. PalTrust, in turn, will empower individuals and communities financially using the internet.

PalTrust works by automatically structuring loans between family and friends, and independently debiting borrower's traditional bank accounts on a bi-weekly or monthly basis. This eliminates the Lender and Borrower roles. It is fascinating how this new form of F2F lending will make waves within a formalized banking industry where private communities of Pals regain the power to lend to each other, rather than through for-profit banks.

www.PalTrust.com

PalTrust Press Group

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